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The leadership crisis that engulfed OpenAI for nearly a week ended almost as abruptly as it began: With a terse, cryptic announcement by the company that would have enormous ramifications for its future...
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As FedEx and United Parcel Service battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash the cost of sending back shoes, apparel and other goods. FedEx, which counts Walmart as a key partner, is offering its consolidated returns services to more customers in time for the holiday season when returns rise, FedEx spokesman Ryan Kelly told Reuters. FedEx's consolidated returns service previously was reserved for large customers doing thousands of returns each day...
Continue ReadingElon Musk’s Starlink business could soon be competing with Jeff Bezos’s Kuiper...
Continue ReadingChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies for more wide-ranging needs. And that growth has propelled OpenAI itself into becoming one of the most-hyped companies in recent memory, even if CEO and co-founder Sam Altman's firing and swift return raised concerns about its direction and...
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Just after a victory in acquiring game studio Activision Blizzard, Microsoft (MSFT) could have jumped to the front of the line for regulators seeking to stamp out potential antitrust cases. Sam Altman has been reinstated as OpenAI CEO after a brief courting by Microsoft — which owns a 49% stake in the artificial intelligence firm — and now the two companies are chummier than ever. Duke University Professor and Venture Capitalist Sultan Meghji and Axios Tech and Policy Reporter Ashley Gold comment on how the OpenAI melodrama could change lawmakers' antitrust frameworks. "We're going to be in a situation, I'm positive, where the output of the last five days of chaos at OpenAI will fundamentally shift the regulatory lens back to the Big Tech companies that are writing these checks," Meghji, former CIO of the Federal Deposit Insurance Corp (FDIC), tells Yahoo Finance. "Previous to this, Microsoft did not have a board seat, they were not even board observers at OpenAI. It's very clear that they will." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingNVIDIA Corporation (NASDAQ:NVDA) Q3 2024 Earnings Call Transcript November 21, 2023 NVIDIA Corporation beats earnings expectations. Reported EPS is $4.02, expectations were $3.34. Operator: Good afternoon. My name is JL, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA’s Third Quarter Earnings Call. All lines […]...
Continue ReadingThree things are true: Jeff Bezos is selling some Amazon stock. Jeff Bezos still owns a lot of Amazon stock. And Amazon stock is really expensive...
Continue ReadingDisney is hoping to reverse its Thanksgiving slump at the box office this year. But is that just wishful thinking?...
Continue Reading(Bloomberg) -- OpenAI reinstated Chief Executive Officer Sam Altman after hundreds of workers threatened to quit over the ChatGPT creator's ouster, highlighting just how much leverage the tech industry's most valued workers hold right now.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridaySam Altman, OpenAI Board Open Talks to Neg...
Continue ReadingU.S. equities rallied back from Tuesday's declines at midday on Wednesday, Nov. 22, 2023 ahead of the Thanksgiving holiday...
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